South China Aluminum: Sellers Active in Moving Goods against Low Buying Interest-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Market commentary
  • Production data
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

South China Aluminum: Sellers Active in Moving Goods against Low Buying Interest

SMM Insight 02:38:52PM Jun 26, 2012 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Aluminum output increased and production cost at aluminum enterprises declined with the implementation of preferential policies in electricity pricing. In response, SHFE aluminum prices fell the most among base metals, with bearish mood in spot aluminum market raising. In South China, spot aluminum prices dropped RMB 100/mt to RMB 15,640-15,690/mt. Cargo holders were actively moving goods due to tight financing, but inquiries from downstream enterprises were rare, leaving transaction muted on the whole.

South China Aluminum: Sellers Active in Moving Goods against Low Buying Interest

SMM Insight 02:38:52PM Jun 26, 2012 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Aluminum output increased and production cost at aluminum enterprises declined with the implementation of preferential policies in electricity pricing. In response, SHFE aluminum prices fell the most among base metals, with bearish mood in spot aluminum market raising. In South China, spot aluminum prices dropped RMB 100/mt to RMB 15,640-15,690/mt. Cargo holders were actively moving goods due to tight financing, but inquiries from downstream enterprises were rare, leaving transaction muted on the whole.